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Search Results 0 to 49 of about 177 (some duplicates have been removed)
CNN
Jul 18, 2011 2:00am PDT
, the long-term deal that could take a big bite out of the deficit. >>> two big head lines, the casualties keep coming and the scope keeps widening. rebekah brooks arrested. the woman once headed up his british papers, she's out on bail. headline two, the head of scotland yard resigns. sir paul stevenson is quitting over criticism how he handled the saga. >> as commissioner i carry ultimate responsibility for the position we find ourselves in. with hindsight i wish we had sunlged matters involve this affair differently. i didn't and that's that. >>> brace for an explosive few days ahead. ra beck that brooks, rupert murdock and his son are scheduled to be questioned by british lawmakers tuesday. >>> 15 seconds of news from canada. classic rockers chief trick got a scare as their stage collapsed at the ottawa blues fest. the stage blew over in severe weather. that's where we snagged these pictures. check out the stage before. and after. it's barely recognizable. good news, no serious injuries. >>> you hear the words grope and airport and junk-touching security checkpoint horror stories pop t
WHUT
Jul 18, 2011 7:00am EDT
? >> tuesday shaping up to be a very big day in parliament. in the morning we are expecting a senior policeman, including the one that put it last night, to appear before the committee. they will be questioned and questioned again about this cozy relationship. also, of course, at the handling of the original investigations into phone hacking. the biggest set piece will be in the afternoon, when they will hear from rupert and james murdock, separately from rebecca brooks, who resigned from her post at news international on friday. >> plenty going on. i know it will keep you busy. >> other stories making headlines around the world today, let's check with thailand and cambodia, ordered to withdraw their troops. the united nations highest court ordered troops to leave the land. a number of people were killed, thousands fled their homes. the postal service website has been hacked into by a group calling itself the union of free syrian hackers. they ended a message with the slogan -- the people want to finance the egyptian revolution. three people have been killed in chile. the government says that
CNN
Jul 17, 2011 6:00pm EDT
in my book, they are too big, too corrupt, too destructive, too powerful. here in the u.s., there are basically five media companies that own almost all media. and in the uk, it's no different. rupert murdoch and his company simply had too much power. that's why we're seeing high ranking people, even prime ministers, even the head of scotland yard, tied up with this. they had so much power, they had to be kowtowed too. >> lisa bloom, we appreciate that. thank you very much. >> thank you. >>> this scandal is reaching deep now into rupert murdoch's inner circle, and you can be sure that the man at the top is feeling the pressure. murdoch has ads running in seven british papers through monday saying, quote, we are sorry for the phone hacking scandal at the "news of the world." the popular tabloid he just shut down. and here's what he said in his own words. the scandal is widening to another murdoch paper, "the sunday times," and now even the fbi is opening an investigation. the allegations, hacking the personal phones of public figures, and the not so public, from murder vi
MSNBC
Jul 18, 2011 10:00am EDT
into the deep south where heat is going to remain. a big ridge of high pressure in control there and the drought will continue to worsen. it's not just the heat, it's also the storms. usually the big area of high pressure like you see on the map, you get storms to the north and east side of it. we'll see severe weather in the northeast and the coast guard still looking for two missing boaters out of chicago. they had gusts over 60 miles an hour in a storm and they overturned some of the boats in the water. back to you. >> heat still dangerous across the country in many places. >>> casey anthony has been a free woman for almost 35 hours, but where did she go and who is helping her as she transitions back into society? kerry sanders has the latest details shortly on that. >>> treasury secretary tim geithner speaking this morning that this morning specific items regarding the debt deal. one of the options that senators harry reid and mitch mcconnell or working on raising the debt ceiling in exchange for $1.5 trillion in cuts over ten years. this would also create a new congressional panel that woul
PBS
Jul 15, 2011 11:00pm PDT
in three weeks the president continued to press for a big deal to raise the debt ceiling and to reduce the deficit by $4 trillion. >> i am still pushing for us to achieve a big deal. but what i also said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payme on deficit reduction. we are obviously running out of time. and so what i have said to the members of congress is that you need over the next 24 to 36 hours to give me some sense of whayour plan is to get the debt ceiling rais through whatever mechanisms they can think about and show me a plan in tes of what you are doing for deficit and debt reduction. if they show me a serious plan, i'm readyo move. even if it requires some toh decisions on my part. and i'm hopeful that over the next couple of days 'll see this long jam broken because the american people i think understandably want toee washgton do its job. >> president obama ruled out a 2.4 trillion plan prosed by house republicans. >> in my expectation is that you will probably see the house vote on
CNN
Jul 18, 2011 10:00am PDT
his bid for re-election as attorney general of ohio. there he was a credit of big banks in general and mass foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers don't like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? >> reporter: well, certainly the white house saw her as somebody that could set up the agency and had hoped that she was the person who could potentially lead the agency, but as you pointed out this was somebody who was controversial and ran up against conservatives that would not support her nomination. and one official telling me republicans in congress made clear that they don't support the agency, and they would block all efforts to confirm elizabeth warren as the permanent director. while she was somebody that essentially invented this agency, got it
WHUT
Jul 12, 2011 7:00am EDT
about him. i think the privacy of young children is a big issue. >> hell do you think that your son's medical condition, -- how do you think that your son's medical condition, cystic fibrosis, was leaked out? >> i have never talked publicly about his condition, and obviously we wanted that to be kept private, for all the obvious reasons that you want to do the best buy your children. i have never complained about what happened to me before, but the truth is information did come all. i was approached by a the "sun" newspaper. they told me they had this information about his condition and that they were going to run this story. >> how did that affect you as a father? >> in tears. your son is going to be broadcast across the media. sarah and i are incredibly upset about it. we're thinking about his long- term future, thinking about our family. but there is nothing you can do about it. you are in public life. you do not know how it has appeared, i have not questioned it, make any allegations or claims, but the fact is he did appear, and it did appear in "the sun" newspaper. >> i think i
CBS
Jul 11, 2011 7:00am EDT
, welcome to "the early show" here on a monday morning. i'm chris wragge. >> and i'm erica hill. >> big sports news this weekend. >> huge. >> you had to seeing it, everybody is talking about it. women's world cup soccer, after one of the most thrilling girls in the history of soccer, penalty kicks, ally krieger. tied up. everyone saying lights out, it's over, they're going over. they tie it up, shoot-out they take it 5-2 over brazil and now in the semifinals. >> they're going to meet france on twewednesday. just fantastic to watch. i love watching the players, how excited they are. brazil no joke when it comes to soccer. >> 12 years to the day after brandy chastain the shirt -- you remember that. >> i do. i do. >>> first we want to touch on yes, the debt ceiling. starting to sound like a broken record. the deadline is looming for raising the debt ceiling. there were more talks at the white house on sunday. still no resolution. president obama told lawmakers be prepared to meet again today and every day until a deal is reached. cbs news senior white house correspondent bill plante has th
ABC
Jul 19, 2011 2:35am EDT
heat threatens a big area from texas to the midwest and all the way to the east coast. temperatures in some areas soared up to 125 degrees. it was too much to bear for dozens of baseball fans. one woman suffered from heat exhaustion at yesterday's minnesota twins doubleheader. she was among 50 fans who had to be treated after passing out and becoming dizzy in this incredible heat. >> stay cool, drink water, stay under the ac. >> we had a hot day here and a huge thunder and lightning storm afterwards. >> 20 states right now, incredibly hot. stay safe. >>> take a look at your weather now on this tuesday morning. heat warnings as we said, watches and advisories in 20 states from the rockies to the east coast. severe storms threaten a big area from minnesota to north carolina. off and on thunderstorms from eastern texas to pensacola and rainy in the pacific northwest and in the rockies. >> not so bad in sacramento and boysy. we're looking at about 80 there. 106 in phoenix. kansas city 94. dallas coming in at 98. 90s from new orleans to atlanta to new york. boston at 85. >>> this story h
CBS
Jul 19, 2011 4:00am PDT
afternoon, hid their bodies in the bedroom, and then had a big party saturday night after posting invitations on facebook. hadley is charged with two counts of first degree murder. >>> after the battle over raising the debt limit. today the house is scheduled to take a largely symbolic vote on a republican-backed measure that has virtually no chance of passing in the senate. a just-released cbs news poll finds 48% disapprove of how the president is handling the negotiations. congress fares even worse, 58% disapprove of how democrats are handling it, and 71% disapprove of what republicans are doing. tara mergener is in washington with more on this. good morning, tara. >> good morning, betty. no question, there is a lot of pressure all the way around here. and options are getting fewer and fewer, as the deadline looms. house republicans are on track to pass a plan that would raise the debt limit, for a price. >> we can no longer borrow 40 cents out of every dollar in this country. that's why we must pass cut cap and balance. >> reporter: the tea party backed proposal would let the g
NBC
Jul 17, 2011 6:00am PDT
'm lester holt. >> i'm jenna wolfe. two big breaking news stories to get to this morning. we want to begin with casey anthony. after 1,006 days in jail and just 12 days after a jury found her not guilty of murdering her daughter, caylee, casey anthony is a free woman. >> this is the seen from inside the orange county jail in orlando at the moment she was being escorted out of the facility. she appears to say thank you to one of the law enforcement officers before she's led out the door by her attorney and facing a pretty angry crowd. nbc's kristin dahlgren was there and joins us live with the latest. >> reporter: good morning. news choppers lost sight of casey anthony's suv so this morning we don't know exactly where she is. for the first time in three years she's not waking up here at the orange county jail. you can probably hear protesters are still here. with all of the protests, all of the publicity, there was so much talk about using decoys or casey anthony sneaking out a back door. in the end, she walked right out the jail's front door. just minutes after midnight, a first glimpse at
PBS
Jul 19, 2011 5:00am EDT
not want to use a file to investigate it. >> how big a day is this today? >> it is a big day for parliament to make sure they can answer the questions. powerand get subpoena back in the committees. >> all things were joining us. -- thanks for joining us. [unintelligible] these pictures have come in the last hour or so. a public-relations company has been brought into news corp. is helping murdock prepare for this. it seems to have changed their approach. from rupert murdoch said there were only minor problems and told this to american news -- newspapers. but in britain, he apologized to the british public for the hacking scandal. the real question is what will be amended in a select committee today on questions on whether or not there was a cover-up. this has shaken many of the foundations of the british political scale. >> four decades, -- for decades, rupert murdoch has towered over britain's. but what will remain of him? has this shifted the balance between politicians and media in britain? >> the relationship became too close. we all want the support of newspaper groups and broadcasting
ABC
Jul 15, 2011 7:00am PDT
" that is the perfect song for summer. >> we've got another beautiful day at central park. another big crowd gathering. can't wait to get to that. >>> we also have a lot of news this morning. let's get right to that collision on the taxiway in boston last night. hundreds of passengers evacuated after the wing of a delta jumbo jet clipped the tail of another jet just months after a similar collision here in new york and abc's lisa stark is tracking this overnight. good morning, lisa. >> reporter: good morning, george. well, it was two delta flights, both loaded with fuel. ready for takeoff. one rams into the other. it could have been much worse. this photo taken from inside the 767 clearly shows the damage. the wing tip of the jumbo jet sliced apart. the tail of the regional plane badly mangled. >> people were freaking out. the girl next to me was right by the wing was ying. and was trying to jump out of the emergency exit for a little bit. >> everybody said, what happened? >> reporter: it was still light out, around 7:3030ast night when the planes collided. the regional jet apparently turned on to a t
CNN
Jul 11, 2011 3:00am PDT
'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. president obama making it clear with 23 days to go befor
CNN
Jul 16, 2011 5:00am PDT
. the big mistaking that had people thinking they had gotten the bargain of the year. >>> but first, here are your options. resign or be fired. that is the ultimatum that was just given to nearly 200 educators tied to one of the largest school cheating scandals in u.s. history. it was just over a week ago, a state investigation revealed 178 teachers, including 38 principals, woulding at 44 schools cheated for students on standardized tests in atlanta. on monday, interim superintendent erroll davis replaced four superintendents and one principal in the atlanta public school scandal. now a letter has been sent to the 178 teachers, principals and administrators who were on the state investigative report as either confessing to or being implicated in the cheating. davis has ordered that educators resign by next wednesday or they will face termination. he says the culture inside the school district has to change. >> people failed children, they cheated. and we can't allow that to happen and we can't allow anyone who was involved with that to remain in our system. >> now, staff replacement may
NBC
Jul 18, 2011 7:00am PDT
by natural disaster and nuclear calamities a big reason to smile, "today," monday, july 18th, 2011. captions paid for by nbc-universal television >>> welcome to "today" on this monday morning. i'm ann curry. >> and i'm lester holt in for matt. i think we both watched that match yesterday. you've got to feel good about the u.s. team. we were disappointed, but what a performance they put on and what a great thing they did for american soccer. >> that's right. for women's soccer, particularly, bringing it to a new level of cool. men and boys, women and girls, nationwide, watching them play. i think that they're winners in that regard. >> and the japanese certainly have something to feel good about after a really rough year. and i love the fact they thanked the world for the support they have had. >> and they continue to thank, actually, after every game. so it's a pretty exciting bit. >>> in the meantime, another major story, the fact of this heatwave. millions of americans are sweltering in this dangerous heat and humidity today. how long will it last? how bad will it be? well, al has the fore
MSNBC
Jul 15, 2011 5:30am EDT
strike the big deal. again, president obama will be speaking the that this morning at about 11:00 eastern time. the man in charge of the country's finances, adding his voice to the debt debate yesterday, treasury secretary tim geithner stressed the urgency of reaching a compromise during a news conference on capitol hill. >> we looked at all available options and we have no way to give congress more time to solve this problem. we're running out of time. the eyes of the country are on us. the eyes of the world are on us. we need to make sure we stand together and send a definitive signal that we're going to take the steps necessary to avoid default and also take advantage of this opportunity to make some progress in dealing with our long-term fiscal problems. we don't have much time. it's time we move. >> secretary guider in's warning comes as a second agency now says the u.s. credit rating could take a hit due to the debt ceiling impasse. >>> let's get an early look at the markets as we get up in your business. cnbc's jeff cutmore is live in london. >> as you imagine, much of the market r
CNN
Jul 15, 2011 2:00am PDT
, give people a presumption of innocence. i think that just how high up it goes is a big question and it's one we shouldn't be jumping to conclusions about. >> speaking of hacking, somebody absolutely plundered the pentagon in the spring, it was one of the worst breaches ever of security. listen to these details. >> indeed, in a single intrusion this past march, 24,000 files were taken. >> it was done, we think, by a foreign intelligence service, in other words, a nation state was behind it. >> now, those files belonged to a u.s. defense contractor, that's 24,000 good reasons why the defense department is looking at tightening up its cyber security. casey anthony leaves jail in two more days, just in time to face a defamation lawsuit. anthony told police that she had a nanny back when the search was getting under way. the woman's lawyers want anthony to sit down for a deposition tuesday. they think it's the only chance they'll get before she bolts orlando and maybe florida. anthony's lawyers say no way, that is too soon after a gruelling trial and she'll plead the fifth if asked question
CNN
Jul 20, 2011 3:00am PDT
. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife there, leapt to her husband's defense. she tried to clock the guy
FOX News
Jul 17, 2011 9:00am PDT
. where is casey anthony at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it w
CBS
Jul 15, 2011 7:00am PDT
're coming back to court at a later date? we will discuss that. >> that's a big question right now. >>> let's start with this. first, runway collision between two jets in boston last night. nearly 300 people on board and two delta jets preparing for takeoff from logan international. both departures to an abrupt stop stop. >> reporter: both planes were preparing to take off when this collision happened. no one seriously injured. the passengers we talked with say they felt a jolt and that was pretty shocking but, overall, everyone remained calm. it happened about 7:40 thursday evening. the wing of delta flight 266 a jumbo jet, clipped the tail of a delta commuter flying atlantic southeast flight 1904 heading for raleigh, north carolina. those in the cockpit remained calm. >> going to have to wait here for a moment. i think we hit the r.j. off of her left with our wing. >> reporter: the planes were on taxiways that run nearly perpendicular to each other. the 76. was moving. the smaller plane was stationary and received the most damage as the left wing of the la
CBS
Jul 18, 2011 5:00am PDT
yesterday. friends say a big part of the event was to help pay for her funeral and then set up a trust fund for her 2-year-old son. a $10,000 reward is offered for information leading to the killer's arrest. >>> this morning, casey anthony is a free woman. but her whereabouts are only known to a few people. she left a florida jail just after midnight sunday after nearly three years behind bars. she had $537 in her pocket. that money was sent by admirers. a jury convicted the 25-year- old of lying to investigators but acquitted her of murdering her 2-year-old daughter. the decision angered many people. for others, her release was simply something to see. >> we just left one of the theme parks and we were on our way home and just stopped in. >> i thought it would be interesting to be able to be in the presence of her to be part of history. >> her lawyers say anthony has received at least one death threat. >>> a tea party-backed plan to raise the nation's debt ceiling is expected to pass in the house tomorrow but stall in the senate. the plan would let the government borrow $2.4 trillion if co
MSNBC
Jul 18, 2011 11:00pm EDT
money problems. >> and big money, big problems? >> gop fund-raisers staying on the sidelines. >> for mitt romney it's 70% maxed out contributions. >> is newt aware he's running for president? >> the arrests continue as the british police close in on rupert murdoch's media empire scandal. >> every day we're seeing more inconceivable things happen. >> abandon ship. in the last 24 hours there have been two high level resignations. zo london's top cop. >> rebekah brooks was released on jail. >> rupert murdoch is supposed to face the scandal head on tomorrow. >> all eyes are trained on parliament tomorrow. >> they're cutting short a trip today to south africa. >> when is he going to do the decent thing and resign? >> congress now has 15 days to pass a bill to raise the debt ceiling before the united states government goes into a catastrophic default on august 2nd. today harry reid announced the senate will meet every day until the debt ceiling is raised. yesterday david rogers of politico discovered and reported that house speaker john boehner and eric cantor held a secret meeting
CNN
Jul 18, 2011 8:00am PDT
the arrest of rebekah brooks. she's out on bail right now, but her arrest over the weekend a big surprise. >> reporter: yeah. i mean, she was -- the length that she was detained for was incredible as well. 12 hours she spent -- more than 12 hours in a police station in london answering questions, and she wasle only released around midnight last night local time. so that was a huge development in this. she's out on police bail now, but that doesn't mean she's excused from appearing before a committee of mps tomorrow london time. she's still going to turn up and be careful about what she says, and the politicians are going to have to be careful about what they ask her as well. there could be a trial down the track if she's charged, and therefore they're going to make sure under the rules here that they don't sort of prejudice any forthcoming trial. nevertheless i think she's going to get a pretty tough interrogation at the hands of politicians as will her former bosses rupert and james murdoch who appear now separately from her before the same committee tomorrow afternoon. >> dan, let me as
CNN
Jul 15, 2011 3:00am PDT
. the scandal now spanning across the atlantic and claiming its first big victim on this "american morning." >>> and good morning. welcome, everybody. it is friday, july 15th. i'm soledad o'brien. you are watching snoonk kiran is off, christine is off, welcome soledad. good to see you. >> thank you. we have a lot to do today. let's get right to it. serious new pressure on rupert murdock and his global media empire. the justice department says it's now investigating the claims that one of its tabloids tried to hack 9/11 victims' phones. a report in another british tabloid, "the mirror" quoting a source who says "news of the world," the newspaper which folded under the pressure of the hacking scandal, hired an investigator to try to tap the phones. now lawmakers, law enforcement, and 9/11 families are all demanding the truth. >> susan candiotti following the latest for us on this and breaking, one casualty of the news international, rebekah brooks has resigned. >> the question is, does this mean that the walls are crumbling at news corp. it's too early to say, bulls this is a crack in the wa
CNN
Jul 17, 2011 8:00am PDT
down. >> to emphasize why this matter, this is as big a crisis in britain in a generation plus. it's the police, political establishment, media establishment and the most important media person in the u.s. which is rupert murdoch. not to cover this would be journalistic malfeasance. >> you have the democratic senatorial campaign putting out a statement. you wouldn't see that liberals who don't like rupert murdoch are just milking this for all it's worth? >> if this had no connection whatsoever to the nature of the operations, especially through fox news, you might say they're reaching. since the basic accusation that michael wolf was saying, that murdoch is using his media power for political ends is similar in the u.s. and the u.s. it's natural the democrats would say this. >> on your media blog at "the washington post" you took on a story about the difference between british and american journalism. you say basically we should come out and say british journalism standards are sleazy and destructive. you think we're dancing around this? >> in this particular iteration, i couldn't
PBS
Jul 15, 2011 3:00pm PDT
opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut between $1 trillion and $1.5 trillion dollars without increased tax revenue or any medicare and medicaid cu
CNN
Jul 13, 2011 3:00am PDT
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
MSNBC
Jul 29, 2011 2:00pm EDT
, people of the big banks were summoned to the meeting at a federal reserve bank here in new york and cnbc's bertha coombs has details for us. >> investors who buy u.s. treasuries buy them through banks, and this morning the treasury asked those bankers and dealers who help to sell the treasuries to investors to come in and talk about the situation as the debt ceiling limit looms. it was a regularly scheduled meeting, because on wednesday is normally the day that the treasury would announce the next action of debt, but obviously, that comes after the deadline. from bankers we talked to and senior treasury officials, they didn't really outline any contingency plans about what would happen if the debt ceiling deadline is not extended. a number of bankers have told me they anticipate what would happen is that those debt auctions would likely be postponed. we saw it happen back in 1995 when the government was shutdown. it was postponed for several weeks in terms of the auction, because essentially, if the government doesn't have the authority to increase that, then the treasury can't issue mor
Search Results 0 to 49 of about 177 (some duplicates have been removed)